Japan April manufacturing contraction slows but export slump deepens - Flash PMI
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TOKYO, Reuters - Japanese manufacturing activity contracted at a slightly slower pace in April thanks to a pick up in hiring, but new export orders fell at the fastest pace in almost three years in a sign slow global demand remains a major pressure point for the economy.The Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) rose to a seasonally adjusted 49.5 in April from a final 49.2 in March but remained below the 50 threshold that separates contraction from expansion for a..